Markets Made a new top last week but again went into the grinding mood despite the cheer in the global markets..Lot of paper from Govt etc is being offered absorbed and will continue for some time..We could be in a near term top time cycle wise and the grind down could have started..For the month of FEB do keep watching the 6040-50 zone for any upmove and below this we could well correct to 5900 or below levels..Till then play the placid 6020-6120 range with a sudden move of 150 Points either way..enjoy your trades cheers
